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In c8982 disseminated at 09:25 ET today, please note that an error
occurred in the first sentence of the first paragraph. The corrected
sentence should read "...REIT's first cash distribution of CDN
$0.11688" not "...REIT's first cash distribution of US$0.11688".
Corrected copy follows:

Inovalis Real Estate Investment Trust announces initial distribution

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/

TORONTO, May 22, 2013 /CNW/ - Inovalis Real Estate Investment Trust (the
"REIT") (TSX: INO.UN) announced today that its Board of Trustees has declared
the REIT's first cash distribution of CDN $0.11688 per unit for the
period from April 10, 2013 to May 31, 2013. The distribution will be
payable on June 17, 2013 to unitholders of record as of the close of
business on May 31, 2013.

Distributions paid to unitholders who are non-residents of Canada will
be subject to applicable Canadian withholding tax.

About Inovalis Real Estate Investment Trust

Inovalis Real Estate Investment Trust is an unincorporated, open-ended
real estate investment trust established pursuant to a declaration of
trust under the laws of the Province of Ontario. The REIT has been
created for the purpose of acquiring and owning office properties
primarily located in France and Germany but also opportunistically in
other European countries where assets meet the REIT's investment
criteria. The REIT currently owns an interest in four office properties
in France and Germany, comprising 528,267 square feet (49,170 square
metres) of gross leasable area.